Forte Orthopedic Research Institute
EIN: 352207586 · Carmel, IN · NTEE: B05
| Metric | Value |
|---|---|
| Total Revenue | $812K |
| Total Expenses | $1.1M |
| Net Assets | $-922,388 |
Is Forte Orthopedic Research Institute Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Forte Orthopedic Research Institute
Forte Orthopedic Research Institute (EIN: 352207586) is a nonprofit organization based in Carmel, IN, classified under NTEE code B05. The organization reported total revenue of $812K and total assets of $48K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Forte Orthopedic Research Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Forte Orthopedic Research Institute is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $647K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-433,601 |
| Total Assets | $199K |
| Total Liabilities | $1.1M |
| Net Assets | $-922,388 |
| Operating Margin | -67.0% |
| Debt-to-Asset Ratio | 563.7% |
| Months of Reserves | 2.2 months |
Financial Health Grade: D
In 2023, Forte Orthopedic Research Institute reported a deficit of $434K with expenses exceeding revenue, holds 2.2 months of operating reserves (limited), has a debt-to-asset ratio of 563.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Forte Orthopedic Research Institute's revenue has grown at a compound annual growth rate (CAGR) of 4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +198.4% | +59.3% | -6.0% |
| 2022 | -9.8% | +62.6% | +1386.9% |
| 2021 | -15.0% | +27.7% | -84.4% |
| 2020 | -34.9% | -20.8% | +11.3% |
| 2019 | +32.6% | -6.9% | +289.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Forte Orthopedic Research Institute has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Forte Orthopedic Research Institute with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $434K, with expenses exceeding revenue.
- Debt-to-asset ratio: 563.7%.
Frequently Asked Questions about Forte Orthopedic Research Institute
Is Forte Orthopedic Research Institute a legitimate charity?
Based on AI analysis of IRS 990 filings, Forte Orthopedic Research Institute (EIN: 352207586) insufficient data. 0 red flags identified, 0 strengths noted.
How does Forte Orthopedic Research Institute spend its money?
Detailed spending breakdown data is not yet available for Forte Orthopedic Research Institute. Check back for updated IRS 990 analysis.
Are donations to Forte Orthopedic Research Institute tax-deductible?
Forte Orthopedic Research Institute is registered as a tax-exempt nonprofit (EIN: 352207586). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Forte Orthopedic Research Institute located?
Forte Orthopedic Research Institute is headquartered in Carmel, Indiana and files with the IRS under EIN 352207586. It is classified under NTEE code B05.
How many years of IRS 990 filings does Forte Orthopedic Research Institute have?
Forte Orthopedic Research Institute has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $812K in total revenue.
Filing History
IRS 990 filing history for Forte Orthopedic Research Institute showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Forte Orthopedic Research Institute's revenue has grown by 64.5%, moving from $393K to $647K. Total assets increased by 2.6% over the same period, from $194K to $199K. Total functional expenses rose by 238.7%, from $319K to $1.1M. In its most recent filing year (2023), Forte Orthopedic Research Institute reported a deficit of $434K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $199K in assets (debt-to-asset ratio: 563.7%), resulting in net assets of $-922,388.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $647K | $1.1M | $199K | $1.1M | — | — |
| 2022 | $217K | $678K | $212K | $700K | — | View 990 |
| 2021 | $240K | $417K | $14K | $41K | — | View 990 |
| 2020 | $283K | $327K | $91K | $-58,393 | — | View 990 |
| 2019 | $434K | $412K | $82K | $250K | — | View 990 |
| 2018 | $328K | $443K | $21K | $211K | — | View 990 |
| 2017 | $454K | $559K | $146K | $221K | — | View 990 |
| 2016 | $430K | $446K | $241K | $211K | — | View 990 |
| 2015 | $455K | $536K | $241K | $195K | — | View 990 |
| 2014 | $483K | $524K | $211K | $84K | — | View 990 |
| 2013 | $417K | $409K | $207K | $38K | — | View 990 |
| 2012 | $341K | $375K | $160K | $0 | — | View 990 |
| 2011 | $393K | $319K | $194K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $647K, expenses of $1.1M, and assets of $199K (revenue +198.4% year-over-year).
- 2022: Revenue of $217K, expenses of $678K, and assets of $212K (revenue -9.8% year-over-year).
- 2021: Revenue of $240K, expenses of $417K, and assets of $14K (revenue -15.0% year-over-year).
- 2020: Revenue of $283K, expenses of $327K, and assets of $91K (revenue -34.9% year-over-year).
- 2019: Revenue of $434K, expenses of $412K, and assets of $82K (revenue +32.6% year-over-year).
- 2018: Revenue of $328K, expenses of $443K, and assets of $21K (revenue -27.8% year-over-year).
- 2017: Revenue of $454K, expenses of $559K, and assets of $146K (revenue +5.5% year-over-year).
- 2016: Revenue of $430K, expenses of $446K, and assets of $241K (revenue -5.5% year-over-year).
- 2015: Revenue of $455K, expenses of $536K, and assets of $241K (revenue -5.8% year-over-year).
- 2014: Revenue of $483K, expenses of $524K, and assets of $211K (revenue +15.7% year-over-year).
- 2013: Revenue of $417K, expenses of $409K, and assets of $207K (revenue +22.4% year-over-year).
- 2012: Revenue of $341K, expenses of $375K, and assets of $160K (revenue -13.3% year-over-year).
- 2011: Revenue of $393K, expenses of $319K, and assets of $194K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Forte Orthopedic Research Institute:
Data Sources and Methodology
This transparency report for Forte Orthopedic Research Institute is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.